Last week I had a discussion with two of my friends about being rich. They shared the opinion that it is impossible for everyone to be rich. But in my world, as I have experienced and see things, everyone can be wealthy. Distributing wealth is not competitive. There is enough wealth for the entire population of the world, and then ten times that. People just refuse to see how the world really works.
There is no balanced scale of riches
Let me explain why there is enough for everyone by explaining how you build wealth. Remember the wealth formula, where I explained that wealth for me is made up of 3 things: happiness, health and riches. We will focus on riches right now, because somehow people can understand there is enough ‘health’ for everyone and enough ‘happiness’ but not that there can be enough riches.
First notice that for both happiness and health, there is no balanced scale. If one person is really healthy, it doesn’t change anything for the next person’s ability to be healthy. The same holds for happiness, if I am happy then it doesn’t mean there is less happiness for others. Riches work in the same way!
I understand this concept is very hard to grasp, because ever since we were young our parents have told us that there is a limited amount. Many people are envious of those who possess much, instead of taking action to possess many things themselves (going into debt is not such a step). Well, here’s the catch. People think money equals riches.
Money doesn’t equal riches. You have only learned this, but it isn’t true. When your parents gave you your weekly allowance, they probably learned you that $10,- out of their pocket and into your pocket simply meant that you were now richer and they poorer. Well, if you want to keep thinking this way please, stop reading now, leave this website and never return. If you want to learn the truth about wealth, keep reading.
The secret of creating riches
I can explain this by one simple example, which when I discovered it, really rocked my world. This concept is so simple, so powerful, that it will change the way you think about money forever!
Imagine there are 2 people, James and Bob. James has $100.000,- and wants to buy a house. Bob builds the house for James and then receives the $100.000,-. Notice that there is still an equal amount of money in our little world. But, James now has the money! Oh no, that must mean that Bob is now poor … Can you see the mistake in this reasoning?
When Bob gave James $100.000,- for the house, he got the house in return. Now assuming it was a fair deal and Bob can sell the house to someone else for the same amount, there are now more riches in the world. Both Bob and James now have something that is worth $100.000,-!
In the real world there are many more parameters to this equation of course. But the above is true for certain transactions. These are transactions where the thing you buy is not a depreciating item. It is built and by building it, it becomes worth something. This creates wealth. There is simply more wealth for everybody.
November 24th, 2009 at 4:19 pm
Positive thinking attracts good things to happen. This is really effective and I’ve even tried this in my online income engagements. What you’ve mentioned here are true and are doable if many would only dare trying. Thanks and good luck on everything.